Pre-tax profits at the four-star Radisson Blu hotel in Galway built by Bernard McNamara rose six-fold to €4.2m last year.

Pre-tax losses at a four-star Galway hotel built by the developer, Bernard McNamara, more than doubled last year to €504,528.

THE group that purchased the Great Southern hotels at Dublin, Cork and Shannon airports four years ago has written down the value of the properties by €43.8 million due to a period of sustained losses.